Barack Obama net worth is estimated at $12 million.
Barack Obama is the current president of the United States of America. The president created history in 2008 by becoming the first African-American to win the US presidency by defeating Republican senator John McCain in a closely fought election. The Democrat has been honored with the Noble Peace Prize in 2009 for his sterling efforts to promote world peace and improve ties with the Muslim world. Stabilizing the shaky American economy and job-creation efforts has dominated much of the President’s agenda during the past four years.
Barack Obama net worth came from his multiple talents spanning diverse fields like law and politics has turned him into a multi-millionaire estimated to be worth about 12 million USD. During the initial years Obama made just about enough money to live a comfortable life from his stints as a law school teacher and a civil rights attorney. The president entered into the millionaire’s club by dint of the royalties he received from the sales of his best-selling memoir “Dreams from My Father”. It is estimated that the annual salary of the President is near the mark of half a million dollar, a significant amount that contributed to Barack Obama net worth.
The president’s financial muscle has ensured a very comfortable lifestyle for him. Obama loves driving cars and owns quite a few of them like a 2005 model Ford Escape Hybrid and a Chrysler 300C. A luxurious 2 storied villa in the Kenwood area of Chicago served as the family’s personal residence before they moved to the White House, thanks to Barack Obama net worth. Barack loves to vacation with his family in exotic locales like Hawaii and occasionally takes time off from the grueling presidential schedule to de-stress himself. Shortly after becoming president Obama acquired a dog named Bo to oblige the wishes of his two daughters. The politician was a chain smoker for much of his adult life but has managed to kick the habit two years back. Obama has donated a part of his income to the NGO Fisher House Foundation which helps out retired military personnel, this act added charisma to Barack Obama net worth.
Obama was born in Honolulu, Hawaii in 1961 to a mixed race couple. The president’s father was of African descent and mother a white American. Barack endured a very turbulent childhood since his parents divorced when he was just 3 years old. The very next year Obama’s mother got married to an Indonesian man and much of his childhood was spent near the Indonesian capital of Jakarta. At the age of ten Obama moved back to the US in his native city of Honolulu and was mostly raised by his maternal grandparents after that. The president has eight half-brothers and half-sisters. The politician fell in love with his co-worker Michelle Robinson while working with the Chicago legal firm Sidley Austin in 1989. The couple got married three years later and has since been together blessed with two lovely daughters, his heiresses to Barack Obama net worth .

"Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek."

"If you're walking down the right path and you're willing to keep walking, eventually you'll make progress."

"We need to steer clear of this poverty of ambition, where people want to drive fancy cars and wear nice clothes and live in nice apartments but don't want to work hard to accomplish these things. Everyone should try to realize their full potential."

"The future rewards those who press on. I don't have time to feel sorry for myself. I don't have time to complain. I'm going to press on."

"Focusing your life solely on making a buck shows a certain poverty of ambition. It asks too little of yourself. Because it's only when you hitch your wagon to something larger than yourself that you realize your true potential."

He is the 44th and current President of the United States, and the first African American to hold the office.

He was named the 2009 Nobel Peace Prize laureate in September 2009.

He was the first to raise the threat of avian flu on the Senate floor.

He won a Grammy in 2006 for the audio version of his memoir, Dreams From My Father.

Barack Obama Estates and Homes (1)

Chicago home

American president Barack Obama owns a massive historical mansion valued at close to $2 million. The Obama's purchased the house in June 2005 and paid up to $1.65 to acquire it. The mansion served as the residence of the Obama family till the year 2008. Now the house is mostly vacant and the Obama's visit it once in a while.

Location: The mansion is located in the upmarket Kenwood area of Chicago, Illinois, USA.

Accommodation: The mansion covers a carpet area of 6400 square feet and is equipped with 6 bedrooms, a living room, a big dining area, 6 bathrooms and a garage.

Features: The historical home was built more than a century back in the year 1910 and it's design was influenced by the Georgian revival style of architecture. The home boasts of 4 stone fireplaces and a 1000 bottle wine cellar. The kitchen floor has been built from granite and expensive Honduran mahogany wood has been used to construct the bookshelves in the library. Most of the interior designing was done by First Lady Michelle Obama. The mansion has been fitted with a modern energy saving climate control system.

Barack Obama Hobbies (1)

Basketball

Playing basketball is one of Barack Obama favorite hobby and his best way to keep fit. He is often spotted dribbling at various courts with friends. Last year in while he was in Hawaii for a vacation he preferred playing basketball instead of sitting at the beach and getting tanned.

Barack Obama Autos and Cars (2)

2005 Chrysler 300C

With the presidential elections coming up in November, the news in February 2012 was not about Obama but his car. Lisa Czibor got herself a little piece in history when she put up a Chrysler 300C (2005 model) used by the president, Barack Obama, when he was senator of Illinois. Though this is a full-size, rear-wheel drive sedan with a powerful V8 Hemi engine and an eco-friendly mileage, it definitely does not justify the $1 million price tag which has been attached to it. Little wonder that the car which has run about 19,000 miles carrying Obama and priced at $15,000 (when brand new) did not receive even a single bid.

Presidential Limo

The grandest among the US President's cars is definitely his Cadillac limousine. Though it has no specific model name, it has been nicknamed as 'The Beast'. It weighs more than 8 tons and has been built on a medium-duty truck chassis. The doors are 8-inches thick with armor-plating and tires are reinforced with Kevlar to make them shred-proof and puncture-resistant. Oxygen supply (like in an aircraft), advanced fire-fighting systems, shot-guns with pump action, tear-gas cannons, night-vision cameras and a personal supply of the president's blood are the other regal features of the limo. Naturally, the car is a guzzler, offering about 100 km for 30 liters of gas and running a top speed of 100 km/h. Though there are no price tags, the limo is estimated to be around $450,000.

Barack Obama Holiday Destinations(Getaways) (2)

Hawaii Vacation

Having been born in Honolulu, going to Hawaii is more of a homecoming than a vacation to President Barack Obama. Since assuming office, a Christmas vacation in Hawaii has become something of an annual pilgrimage for the First Family. During his holidays on the islands, Obama enjoys visiting the Sea Life Park, working out in the morning, hiking, golfing, playing basketball and going snorkeling and bowling with his wife Michelle and his two daughters.

Location: The island state of Hawaii is located in central Pacific Ocean and is spread over 1,500 miles in northern Polynesia.

Accommodation: One of the most visited vacation spots in the Pacific, Hawaii offers visitors the chance to stay at a number of high end resorts, hotels and villas like the Hanalei Bay Resort and the Grand Hyatt Kauai Resort & Spa. Renting holiday homes, condos and villas is also a popular choice for people who want to get away from the hustle and bustle of populated tourist resorts.

Main Attractions: Bestowed with the most gorgeous natural scenery, Hawaii offers visitors the chance to the tropics to their best. The entire island chain is surrounded with electric blue water that lines its white sandy beaches. Visitors can also enjoy the Hawaiian waters on a cruise around the islands, relax at some its world-famous beaches or enjoy a range of water activities like diving, swimming, surfing and snorkeling. For the active traveler, Hawaii offers experiences like going hiking or biking around its lush forested landscape. Visitors can also enjoy golfing at the Golf Mauna Lani Resort spread over 280 acres or they can tour the Volcanoes National Park and watch some of the most active volcanoes in world up close.

Martha's Vineyard

Ever since he came into office, President Obama’s favorite summer vacation destination has been Martha’s Vineyard and the First Family heads out to the island every august to enjoy some time away from the hustle and bustle of D.C. Obama has shown a strong preference for the spacious $20 million Blue Heron Farm on the island and has chosen to stay at the estate each time he has visited with his family. During his stay at Martha’s Vineyard, Barack Obama likes to go shopping for rare books, explore local cuisine and get in a few rounds of golf with his friends.

Location: The island known as Martha's Vineyard is located to the south of Cape Cod, Massachusetts, along the east coast of the U.S.

Accommodation: Known for being a summer colony for the affluent residents of the American east coast, Martha's Vineyard offers visitors the chance to indulge in an old world experience devoid of modern distractions. Accommodations on the island include exclusive five-star hotels as well as deliciously charming inns, guest houses and motels.

Main Attractions: Martha’s Vineyard is a laid-back island paradise which is known for its old world charm. Visitors to the island can enjoy a number of relaxing activities like exploring the architectural heritage of the region through the 19th-century Grange Hall and the many white-painted, 18th-century homes in Edgartown. With 37 miles of paved trails, the island is also fabulous for bikers. Visitors can also enjoy the natural beauty of the island by exploring the Aquinnah Cliffs, the Great Rock Bight Preserve, the Mytoi botanical garden and the Ocean Park. Most beaches around the island are privately owned though there are a few public beaches where visitors can enjoy swimming and long walks.

Barack Obama Cause (4)

K.I.D.S

The U.S President has devoted his time to speak at an event for this non-profit organization supporting disadvantaged children. Established in 1985 this global charity helps in supporting the lives of poverty ridden families and children who are the victims of natural calamities like Hurricane Katrina. The charity also provides books to children.

Dikembe Mutombo Foundation

President Obama supports this charity and has also been a surprise guest at one of their events. The foundation aims in enhancing education, the quality of life and health-care for the people of the Democratic Republic of Congo. It also strives for the promotion of a health policy and better facilities for education.

Clinton Bush Haiti Fund

Obama has actively campaigned for this charity. The NGO has provided financial support to thousands of earthquake victims living in Haiti to improve their standard of living, foster better economic opportunities and assist the survivors to rebuild their lives for the better.

National Park Foundation

The President has participated in fund-raising efforts for this NGO. Established in 1967 the foundation in collaboration with The National Park Services safeguards U.S national parks by providing support to enrich its precious heritage and inspire the future enthusiasts of national parks.

Barack Obama Pets (1)

The Presidential family of Barack Obama apparently charges up its life with friendship and fun via Bo, a Portuguese Water dog. A gift from Senator Ted Kennedy and his wife, the dog is a stress-buster for Obama who often spends time playing and buying chew toys for his pet.

Barack with Bo

Barack Obama's dog, Bo

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In the garden

Barack Obama Brands (2)

Jorg Gray 6500 watch

You know you are popular with your subordinates when they present you with a watch that is only available through special order. At least that’s what the Secret Service thinks of President Obama since they presented him with a personalized Jorg Gray JGC6500 timepiece for his 46th birthday in august 2007. The sporty black chronograph comes with a contrast stitched strap crafted in Italian buffalo leather. Running on a Miyota quartz movement, the 47mm wide steel watch comes with a Secret Service logo. Obama has worn the watch for several major events of his presidency.

TAG-Heuer 1500

President Barack Obama may have moved on to other brands since taking up the highest office in America but for almost a decade and a half before he moved into the White House, the history maker was seen sporting a TAG-Heuer Series 1500 Two-Tone Divers watch. Not only does that say a lot about the man’s down-to-earth nature, it also says a lot about the sturdiness of the Tag-Heuer classic. Obama’s entry-level luxury sport diver watch came with contrasting gold plating on the bezel and a brown leather strap. Obama two-tone light gray faced Tag Heuer watch was priced at approximately $1,500 in the mid-‘90s when it must have been purchased.